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A firm has net income of $20 million and pays out $2 million in dividends. If the firm has total assets of $ $450 million

A firm has net income of $20 million and pays out $2 million in dividends. If the firm has total assets of $ $450 million and total liabilities of $300 million, what is the firms sustainable growth rate?

12%

10%

None of the above

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